Last post on Dec 05, 2013 at 6:20 AM
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Porsche 911, Car Leasing, Car Buying, Coupe, Convertible
#111 of 682 Re: '08 Carrera November Lease Rates - Carman [kerb]
Jan 01, 2008 (4:21 pm)
OK, so after visiting my Porsche dealer and talking lease terms I am not happy. Basically they are looking for 1500+ a month for a stripped 2008 911 cabriolet on a 36 month lease. However, after doing some google fu I found leases as low as 900 a month. I was contacted immediately by one of these companies after requesting a quote. They want 8800 down, but payments would be 890 for a stripped 911 cab. I, of course, asked if they were closed-end lease, to which they said yes. However, they mentioned the word "multi-term" lease, where they amortize the cost of the lease over a longer term(however I can end the lease at 30 months if I so choose, with no penalties, or so they say.)
Basically this sounds too good to be true. Can anyone help me understand why this company can offer such low leases and still make money?
Jan 02, 2008 (1:45 pm)
What happened to Car_man? Was hoping he could shed some light here.
#113 of 682 Re: '08 Carrera November Lease Rates - Carman [matthewdb]
Jan 15, 2008 (1:50 am)
It's simple: they extend the term of the lease and offer a lower money factor than Porsche Financial. You certainly don't want to put down $8800!!!
Currently, Porche's rates for an '08 911 Cabriolet is as follws:
Not sure how many miles you need...
36 mo /15k - 60% / .00320 (7.68%)
Give leasecompare.com a shot, or try a more competitive bank.
#114 of 682 Hello Carman - Current Lease Rates Carrera
Jan 15, 2008 (6:39 am)
Could you please update me with PFS' current lease rates on an '08 Carrera (manual) for a 36/10K and 39/10K, thx.
#115 of 682 Re: Hello Carman - Current Lease Rates Carrera [kerb]
Jan 15, 2008 (2:36 pm)
24/10k - 74% / .00320
36/10k - 65% / .00320
39/10k - 62% / .00320
#116 of 682 Re: Hello Carman - Current Lease Rates Carrera [ocautoseeker]
Jan 19, 2008 (11:58 am)
Thanks for providing figures. Are you certain they are correct? The reason I ask is b/c I visited my local dealer yesterday and was advised that the 39/10k was 63% and .00280 while the 36/10k was 65% and .00280. Thanks.
#117 of 682 Re: Hello Carman - Current Lease Rates Carrera [kerb]
Jan 20, 2008 (12:36 am)
That's the paperwork I have on this vehicle currently. Doesn't really matter though, your dealer has better numbers anyway.
Again, numbers can vary by region. I'll double-check on Tuesday and get back with you.
#118 of 682 Re: Hello Carman - Current Lease Rates Carrera [ocautoseeker]
Jan 20, 2008 (8:52 am)
Thanks for your prompt response. Were the numbers you provided - those of PFS? I am in South Florida.
#119 of 682 Re: Hello Carman - Current Lease Rates Carrera [kerb]
Jan 20, 2008 (8:07 pm)
Yes, those were PFS numbers. I accidentally quoted you the December programs... my apologies. Unfortunately, I don't have access to the January rates at this moment. When I get them you'll be the first to know. However, the numbers the dealer quoted you would appear to be very accurate.
#120 of 682 Re: Hello Carman - Current Lease Rates Carrera [ocautoseeker]
Jan 20, 2008 (10:03 pm)
Thx. Again. I certainly appreciate your assistance.